you do by the acquire. i reiterate palo alto network. sirius satellite, i typically do not recommend stocks after they get bids. this is different. i want don't look now but what happens with global warming? it's not just chicago and boston recording record lows but the deep south is also under severe cold warnings tonight, we're talking atlanta, even south florida. we have a live report and much more just ahead. and we have a big battle in washington coming up over extending benefits and the minimum wage. i save aby abolish the corporat income tax totally. everyone would benefit.

and an activist may finally be gunning for democrats instead of challenging their own in primaries. liz cheney pulling out of the senate race and governor walker says stay on those tracks and focus on the dems. "the kudlow report" starts now. good evening, i'm larry kudlow. we are live here at 7:00 p.m. eastern, 4:00 p.m. pacific. we begin with the breaking news, janet yellen officially confirmed as chair of the federal reserve. eamon javers joins us with all the details. good evening. >> reporter: in the end the vote was 56-26 to confirm janet yellen as chair of the federal reserve, the first woman to hold that title and by some accounts, as of tonight, the most powerful woman in the world. larry, 56-26 is a bit of an unusual vote total in the united

states senate. you might notice it doesn't quite add up to 100 senators. they had a little difficulty with all the travel troubles getting senators in washington in time for the vote. 26 no votes for janet yellen, a few short of the no votes for ben bernanke in 2010. the fed will take that away as a positive signal as the health of the fed. there were some detractors out there today. listen to senator chuck grassley speaking just before the vote. >> the stock market has become addicted to the fed's easy money policies. this has led one notable investment adviser to question whether the fed will ever able to end the quantitative easing program. >> and, larry, that's going to be the biggest question for janet yellen, how does she end the quantitative easing program, house of corrections quickly

does she taper back and what metrics does she use to decide continuing tapering at the pace ben bernanke set us up for. >> what do you hear about another possible important fed appointment for vice chair, professor stanley fisher, former head of the israeli bank, had a great reputation and former professor at m.i.t. >> i have not heard of that and i heard a relationship question between janet yellen and whoever is serving as vice chair. and another question is whether she continues ben bernanke's transparency policies at the fed. they didn't have those conferences before we've seen ben bernanke do it on a regular basis and we've seen bernanke telegraph more the direction the fed was going to go as not to spook the markets. big surprise back in september

bernanke got sort of equal parts praise and criticism for that. i think one of the things people in washington are going to be looking for is whether or not janet yellen continues that transparency effort and if she does, does she tweak it at all. >> okay. forward guidance, we'll see. anyway, thanks very much eamon javers. we appreciate it. >> now, there's a huge polar vortex moving across the country. it's hitting the midwest, the northeast and even southern cities like atlanta are going to see temperatures in the single digits. that's where gabe gutierrez is for us this evening. good evening, gabe. >> reporter: hey there, larry. compared to some parts, we're down right toasty here in atlanta. this is something that people aren't used to. the city of atlanta announced it will close school tomorrow, even though we're not seeing any snow but the concern is so high these temperatures will be so dangerous, they decided to cancel school. temperatures just under 20

degrees but overnight this is expected to drop to about 7 degrees. when you factor in wind chills, it's expected to feel like it's below zero. because of that, the city of atlanta, in addition to cancelling school, which has also just opened a warming center, and there could be a second and third opening up as well. throughout the south, others are cancelling school. mississippi has seen about 60 hours of temperatures below freezing. in northern florida, there's some concern about the weather there. farmers, though, however, they say that so far it has not gotten so bad that they're worrying about their crop because of the high winds, they're also expecting that will prevent some of the more severe damage of those crops. the people here in atlanta and throughout the south, they just aren't used to this. temperatures here in atlanta at one point today were colder than anchorage, alaska and colder than parts of maine, larry. back to you.

>> that is wild. that's a great factoid. many thanks, gabe gutierrez. we appreciate it. now, the deep south is not alone. let's go to the weather channel's paul goodloe. good evening, paul. what can you tell us? >> as gabe just talked about, it's about 20 degrees in atlanta. that's colder than it is right now in new york or boston. but look at the change. behind me here in pittsburgh, it's 2 below, 6 above in buffalo. some areas could get four plus feet of snow. arctic air pushingies ward and across the south as well. this is going to stay with us for at least until wednesday before we start seeing a warming trend thursday and friday. we have another snow and ice event as well. wind chill alerts. some wind chills 20, 30, 40, 50 below zero. that can freeze your skin in less than ten minutes. i counted up portions of at least 32 states of the lower 48 with some type of wind chill

advisory right now. here's your arctic blast if you head out tomorrow. high temperatures in the teens temperature go outside now, it will be 20 degrees colder with the sun up tomorrow afternoon. as we head from tuesday into wednesday, it is still solidly cold, although a few more degrees we only start warming up. we're still below freezing. it will be that wave until sometime on thursday but it's still cold across the northeast and mid atlantic. we head on toward thursday and see numbers like in new york city, getting back above freezing, still below freezing in new england and areas across western new york where they're still seeing snow come down. for atlanta, the coldest you've been in more than a dozen years in terms of the stretch at this point. as we head from tuesday to wednesday, we'll see our temperatures getting back above freezing but that's still above average, we average 52 in

atlanta. and parts of the midwest, the arctic air has been here to a little while. it going to stay there before we start seeing trends, more rain as the temperatures move up over the weekend. >> the northeast will get back to something like normal, the south will get back to something like normal. what about the upper midwestern states? >> they'll get back to normal as we head towards thursday and friday. >> it's going to work for them, too, good. paul goodloe, we appreciate it. all these subzero temperatures have many in washington asking this -- what's happened to global warming. remember that? there there's been a concerted effort for people to believe that global warming is taking place, we're all going to die and all of that. at the same time, the tevidence

out there is almost laughable. >> is it all a political fad that has now blown over? let's talk to a professor from boulder, colorado. steve, what happened to global warming? this is running counter to everybody we've heard for years. >> global warming is going away, like the eco bomb of the 70s, the energy crisis. these issues tend to follow a cycle like this and i'm not surprised that once again we have an environmental crisis that follows the pattern. you find a problem and blow it up into a world ending crisis, demanding endless political solutions. it followed a very familiar script in my mind. >> endless government regulation and central planning is the way i look at it. let me go back to the other point you make. let's take al gore, okay?

i'm going to be respectful but al gore, inconvenient facts. i believe that was the title of his movie. a lot of followers but in effect isn't the al gore problem and his followers that it was inconvenient predictions and that all the predictions have now come unglued? in fact, it's been about 15 years if i'm not mistaken that temperatures are on the -- are falling rather than rising? i mean, the predictions were all wrong. >> al gore made one of the biggest mistakes in environmental doom saying. he actually made near-term predictions. you want to make long-term predictions so when they don't come true, nobody remembers you made them. by five years ago al gore said we might have an arctic ice-free location by now.

and then there's the sheer comedy of the ship getting stuck in the ice in antarctica, in what was an eco tourism stunt that back fired badly. >> let's look at this again. is the theory of global warming wrong? in other words, behind that theory you have the whole issue of carbon emissions into the air. the epa is about to decimate and detroit the american coal industry after that. the president gave a very big speech about the surgecy of global warming and why the government has to take some major policy initiatives. these are not going to be voted on. they're going to be tax initiatives, regulatory initiatives, done by the administrative agencies. if the results are wrong, if the predictions are wrong, is the theory wrong and therefore is the government policy wrong? >> well, in reverse order, yes, the government policy is completely wrong about this. it's important to be precise

here. there's almost in one who says the greenhouse gases are not a warming element in the atmosphere. the question is how much. there's lots and lots of reasons to suppose this is a modest problem and that we've seen most of the warming we're likely to get. if you have a modest problem, you only need to make modest adjustments in policy. but at that doesn't fit the liberal play book. they want large adjustments in policy and they want more control. >> where is the counter offense going to come? i mean, this would be a good time for moderates, conservatives, people who share the view you just expressed that there is no calamity, there is no catastrophe, there is no impending disaster and therefore, stephen, we don't need massive government controls and planning and direction and

all the rest of it? >> well, the good news i think is there's a growing number of thoughtful environmentalists who understand that the best strategy for dealing with this problem of whatever dimension it is or any other environmental problem is economic growth. they're actually learning that from the developing world. the biggest stumbling blocks to an agreement on global warming has been china, brazil, indian and russia. it hasn't been the united states. it wasn't the bush administration in the last eight years. you're beginning to see a shift among thoughtful environmentalists. the sierra club and is submitted to centralized control. >> we'll leave it there. remember all the time obama

insisted -- plus one senator going to court to get rid of all the obamacare exemptions for the politicians in washington. and the democrats are making a big issue out of extending jobless benefits. if you really want to help, totally abolish the tax code. do not forget, free market capitalism is the best path to prosperity, abolish the corporate tax, don't fiddle arrange with the minimum wage. i'm kudlow, we'll be right back. ♪

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democrat supporters of this law basically made a covenant with the american people. they put on a pretty good show. they wanted to show the american people they were eager, they were more than willing to benefit from the health care law but also be subject to all the rules, all the regulations of the health care law. they were eager, that is, until they really started thinking about what the true effect on themselves would be. and of course that's when they

went running to president obama for special treatment, and they got it. >> all right. when it comes to obamacare, everybody is apparently not equal in the eyes of the obama administration. wisconsin republican senator ron johnson filed suit today challenging the special treatment of members of congress. while millions of americans are being forced to buy obamacare plans, senators, congressmen and their staffs largely exempt. they get more choice in the federal health care plan and far more subsidies. that's dead wrong. that's just political cronyism. let's talk about some of that and other things. we have forbes' opinion editor. first of all, senator johnson is right, is he not? >> the administration went through an extra step to get

what they wanted from the health care. there was a chuck grassley amendment. there were a lot of problems with it. ron johnson is right to criticize it in general and in general he's one of the good guys but where's the republican bill to reduce the rate shock in obamacare. that's the problem. this stuff that congress and their staffers are getting paid, it an important issue that's attracted a lot of issue but it isn't what affects average americans as much as the real issues. >> one add on to, that the republican leadership never really supported abolishing the abolition of the exemption. a lot of people think the staff lobbied, you got a lot of six-figure salaries, pretax dollars, a lot of subsidies. >> a lot of the house republicans -- >> the gop was pretty squishy on that. >> a lot of them did support it. some didn't. i'd say the majority did support

what ron johnson is trying to do. but again, as important of an issue it is and when i write about this for forbes it gets massive traffic because there's so much interest on it, but at the end of the day, compared to the 2,000 pages of obamacare and 20,000 pages of regulation, this is a tiny portion. obama how it's actually affecting people won't be changed one bit. >> eight-piece story circulating today, if you have a child, you get married, you get divorced, you die, you get a new job, you get a change in income, it doesn't work through the obamacare web site, it doesn't get scored. what's the issue with that? >> we could go on and on with all the problems with the web site. >> having a child, that's great. none of it is scored through the web site. >> not only that but sometimes people are getting inaccurate prices for when they try to shop for the plans. they might be surprised when they actually get their first

bill and have to pay the insurer. >> so where do they go for relief? >> they don't have many options. all that stuff is going to hit next year. when people file their 2015 tax returns or 2014 tax year and they haven't signed up for the right plan or they didn't sign up for insurance a at all or their income changed in the nidle of the year and they're no longer interested in paying a subsidy -- isn't the burden of this going to be on the insurance company for months and months ahead? >> they're worried they're going to get blamed when you go to the doctor and they think you have coverage with you the doctors call the insurance companies and they're at least aware of this problem. >> the obama administration put out numbers today that said see, we told you so. obamacare has slowed health care spending. it's only a smidge. as a share of the economy, it's

gone 17.2% of gdp from 17.3%. looks like most of it is prescription drugs. does obamacare deserve credit for slowing health costs? >> no. first of all, the law hasn't really been implemented. it's just starting to be implemented. the report specifically said the affordable care act had minimal effect on -- do you know what slows it down? >> choice! >> it's only since 2003 that health care spend being has slowed down. obamacare has this no effect and it's going to turn the curve back upwards. >> the recession i think helped bring down health care costs. let's assume we have a modest recovery and obamacare continues on its merry way and costs go

up. what's going to happen, does the curve build up again? >> depends on who you are and why. what does that mean? people's discretionary income will go down. general discretionary consumer spending should be affected by this massive jump in health care premiums. >> so you think that from that standpoint, if nothing else, it's going to be a failure. >> a failure in whose terms. if you believe it didn't matter how much the program costs and who saves and others who don't use the economic standard as success is going to be disappointed. >> and the government sticking its hand into the jpmorgan cash register again. it's another multi-million dollar settle men over the bernie madoff scandal.

we have much more on kudlow. please stay right here. so ally bank really has no hidden fees on savings accounts? that's right, no hidden fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally.

i'm morgan brennan with this news alert. tomorrow could be the day jpmorgan final lly closes the books on the bernie madoff ponzi scheme. the government is expected to settle for $2 million. jpmorgan is accused of obstructing regulators investigating madoff. meanwhile ralph nader is looking for help from carl icahn. he is a shareholder in sirius-xm

radio. he made an appeal for icahn to get more money for shareholders. meanwhile college football's title game is tonight. florida state versus auburn. it is the last of its kind, though. next year college football will go to a playoff instead of determining the two teams for the title games based on polls and computer rankings. >> and the big story, many in our audience are concerned about tonight, the weather. record cold across a huge part of the country. it's called a polar vortex. jetblue cancelling flights until tomorrow afternoon. larry, it could get below zero in the new york area. >> just real quick, a polar vortex, how would you say that in lay terms? what does that mean? >> it means it's going to be real cold and it's moving across the country so buckle up and bundle up.

>> and next year's college championship game is of course going to be between princeton and columbia. i had to put that in for one anchor and one senior producers. >> now, if you really want to help the unemployed and you want to help the marginally employed, why not just completely abolish the corporate income tax? the economy would grow 5%, unemployment would drop below 4%. we'll tackle that with our special under 30 political panel. please stay with us. i have 12 of them! 12? shhhh, i'm worth it... what i'm trying to say is, it's so hard to pick

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congress is back in session and heating up are showdowns over hot button issues including jobless benefits and the u.s. minimum wage. just today the white house made another heavy push in favor of a three-month unemployment benefits extension that's expected to cost roughly $6.5 billion. >> we have never over the last half century cut off emergency unemployment benefits when long-term unemployment was even barely over half the rate that we have right now. now is not the time to start.

>> all right. look, there's only one republican on that three-month extension bill. we'll see how it works out. these are not really growth policies. they will not lower the unemployment rate, will not raise the economy, will not benefit workers. abolish the entire corporate income tax. in the "new york times" ops today, just get rid of the entire corporate income tax. up kn you know who benefits the most? workers. that's from the "new york times" op-ed page. i'll have to start reading the times. our political panel, recognized as the under-30 list.

>> karen, let me begin with you as an enlightened woman. i want washington to be more aggressive. in other words, the issue shouldn't be the minimum wage, which damages businesses and probably raises the unemployment rate. the single worst burden is probably the corporate income tax. this guy from b.u. wrote that today. corporations don't get taxed, people get taxed. it comes out of their wages. why don't the republicans go for broke on this and really raise a hullabaloo? >> here's the thing, what we're seeing is typical big government liberals is they want to focus on ways to help the poor but don't do it in ways that help the poor. we need pro-growth policies that lead to job creation that will allow these businesses to create

economic opportunity for poor people and for people to work their way up the economic ladder. i think you're on to something, focusing on actually creating jobs. >> this is where the gop -- look, this is where people are good faith, moderates, i don't care who, should be. left of center people should want to abolish the corporate tax. raising the minimum wage puts the penalty on the business. they have to pay for that, okay? raising unemployment compensation for another three months, i frankly don't care about it. i don't think it creates incentives to work. why put the onus on the business? one point, there's an earned income tax credit that everybody pays for or wage subsidy that everybody pays for. if you're going to go down that road, which is not my favorite road, why not do that. just put it in the budget, nice and transparent and let people see that's what we're doing, we're bailing out certain workers. >> i can tell you this, what we're focused on is young people. it's a really, really important

year. 2014 will be pivotal for young people to shape how we vote in 2016. unemployment was an enormous issue for our generation. how that gets resolved in congress -- >> i totally agree. your generation, the millennials, yours, i don't know if you include yourself -- >> i do. 18 to 29. >> we've had college kids on the show, too. you've had the short end of the stick on jobs because it's been such a lousy recovery, bipartisan, bush and obama. the minimum wage is not a job creator. more unemployment benefits is not a job creator. what's a job creator is to put more money in people's pockets and provide incentives and that goes into wages and the business can increase wages and create jobs. >> it's definitely a discussion that needs to be had this year. unfortunately i think last year,

young people including myself felt it got way too confused over the health care law and a series of issues where we never had that discussion about unemployment and the the real policies that would benefit young people. so i'm very energized this year to see how congress responds and if they're going to win over young people's votes, they'll have to put partisan issues aid side and -- >> don't hold your breath. >> you probably talked about a lot of this stuff in the "montana register." did i get that right? >> exactly. >> my wife is from montana. my marriage license says montana. i don't want to be cruel hearted, nobody wants to be cruel hearted. look at the numbers. it's been extended 11 times. it is not a job creator. i frankly would give it to them

as long as it's transparent, put it on the budget. another three months is not going to make a difference. we need fundamental pro-growth policy. what's your take? >> you're right and you're expecting results from d.c. still. that's why i'm in state politics. i think we passed more bills in montana this session than d.c. did during the year of 2013. there's your biggest issue. you think there's enough common sense to get something out of it. corporate income tax? lower it. afghanistan has a lower corporate income tax than the united states overall. >> what are you doing in montana? give me a for instance. governor schweitzer's been in there a while. >> they supposedly cut the corporate business tax a little bit. instead of wipe be it out with a

$350 million stimulus, we spent the rest of the money. i was embarrassed we spent all this money and i'm on the tax committee so it was very disappointing. >> karen, let me just ask you, woman's activist and so forth, as you travel around and talk to different groups and so forth, what do they say? this economy is producing at minimal marginal terms. the tax actual tax rate is actually close to 14%. it's never been that high and shouldn't be that high in the -- >> no longer do people think there's some people out there who are unemployment, but it's their mentors and their friends and their neighbors. the jobs issue is a huge issue for young people. i think we're seeing this turn

at a national level. the harvard institute of politics came out in december saying the president had the lowest approval rating since he took office, it's now at 41%. we could really see his approval rating get down. >> i get that but i don't want to get too political. we're going to take a break and up guys are going to come back. there's no zing, there's no umph to what washington is doing, whether you're a republican or a democrat. that's the point i'm making. you know what, extending unemployment benefits is so boring, so old school, so tried before and never really works to solve anything. that's what blows my mind. where are the smart democrats and smart republicans to figure out that we're going to have to give the power to individuals, to give the incentives to individuals if we're going to fix up this economy and create

some serious jobs. hang with me, we'll come right back to you in a couple minutes and talk about the 2014 electorate. >> and now the stock market and two very smart lady investors next up on "kudlow." if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate.

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it's been sluggish start to 2014 on wall street. stocks slid again today, dow dropped 45 points, nasdaq off 18, s&p 500 off 5. so look, contrary message. do not fear this correction, okay? a slow start to the year is a good thing. equities are digesting and consolidating last year's humongous market gains. this is good. let's bring in our investors to see if anybody on the planet agrees with me. we have rebecca patterson, and cara roth. i'll go to you first, care a ro -- cara roth because i know you're

a baear. >> i wouldn't consider myself a bear, i consider myself realistic. i think you need to be defensive when you look at 2014. i think there are many things to be concerned about going forward. the market is very, very richly valued by a whole lot of measures. market caps, sales, pe numbers, particularly on a cyclically adjusted basis. and i think that we're in this dance between the growth kind of picking back up, the fed trying to figure out how it's going to exit and this idea of when it inflation going to kick in. all of a sudden if you start getting the minimum wage kicked up, that could be a catalyst for inflation. >> we're not going to have inflation for years. we may have inflation. people have been calling for inflation for years. in fact, the money -- i got to go to rebecca. the money the fed printed, rebecca, never went into the money supply.

it added liquidity. i don't approve of all the pes but part of it. the whole republican party ran against ben bernanke's inflation in 2012 was and completely wrong. inflation rate is going down, not up. i don't mind that at all. my basic point is this, if you have similar conditions to 2013, 2.5 to 3% growth, for argument sa sake maybe it will be better, why wouldn't that be good for the usa stock market? >> i think it will be. we're overweight equities and very comfortable in our positions and tilted to the u.s. and europe. if you continue to have stock buybacks in 2013 and dividend growth, to your point even with 2.5% to 3% gdp growth we're okay. and surveys are suggesting that

the economic data is generally good and above expectations. >> unlike europe and other places, you can't go into these emerging markets anymore. brazil is gone to the left, argentina left, left, left, i india to the left, and the pacific countries, chile, peru, they're all moving toward the free market and free trade, who wants to go down there? come up here. this is the big time. >> larry, usually and i are very sympatico but i think there are some real rifts in here. i know you happen to love japan because they are printing at a rate that makes the fed look like amateur hour. but the reality is that that needs to work for them. they've got this consumption tax that's going to happen on april

1st. if that economy starts to slow down, if you start to have some concerns over there -- >> that is true. that's a good point. >> it's a huge situation that makes europe look look amateurs. you have to be worried about japan -- >> i got to tip my hat to you. the japanese consumption tax is absolutely stupid. you're exactly right on that. >> but it's priced in, larry. everybody knows it's coming. it's public information. and the market is going to react more to what's not priced in. while i agree it will bring down gdp, everybody and their brother is expecting it who follows the japanese market. >> they're going to pump in more high powered money. here's what's not priced in, i'll let you both take a hit at this. a very strong king dollar. you know i love king dollar. my pal jim la camp e-mailed from spoke investments, okay? since the mid 70s, $5 bull markets, $5 bull markets have

translated to an average gain of 76% on the s&p. in dollar bear markets, the s&p only averages about 13% or 14%. cara, i'm looking for a stronger dollar because i think this is a haven of safety, the politics in the usa are changing for the better, november is going to be a day to rejoice and we're all leading up to that and that's what the stock market is telling us. >> larry, you are so full of optimism and i love that, but that also concerns me. that's why if i were looking at 2014, i would look at being defensive here. yes, there is a possibility that we're going to get some growth but there's also all of these very strong, inherent risks throughout. looking at sectors like consumer staples that may do as as well but won't take the same hit if we have some of these things come to bare, that's the best way to look at it.

>> rebecca, let's see if you can straighten cara out tonight. >> i think you are going to have a higher dollar this year, it's going to come from higher interest rates -- >> that's a huge factor. put the machine on pause. that is a gigantic factor. nobody makes that case. we are going to print so much energy, including natural gas and we're going to export the stuff and we're going to have to import no energy anymore, our trade gap is going to evaporate and among other reasons, the dollar is going to go up on that alone. >> currencies move on balance of payments, the trade flows and capital flows. if we have money going into u.s. stock markets, probably not so much bond markets these days, to a degree, you have a narrow current account deficit, we'll have a broadly strong dollar, maybe not much against the euro

but against everything else broadly, that's really important when you're investing in commodities and what types of u.s. economies you want to own, it has implications of the entire u.s. portfolio. >> the fed is going to print fewer dollars for a change. ladies, i'm going to have you back, it's a great twosome. much obliged. >> governor scott walker had a message to the tea party faithful. he wants them to concentrate or replaces democrats, not challenge republicans. but will he listen? we'll go back to our under-30 panel in just a moment. all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron!

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welcome back to "the kudlow report." if the political headline of 2013 was the republican party divided, prominent party members likes scott walker are aiming to make a gop united. the story of 2014, his message is focus on the democrats, not on each other. but will the republicans listen in back with us now, three bright stars from forbes' 30 under-30. daniel, i'm going to go back to the liz cheney story. i love her and her father to me is an icon. but it didn't look like it was going too well for her in wyoming. she said she had an illness in the story, she's pulling out of

the race against mike enzi. do you think this signals the scott walker strategy that the republicans will fight democrats rather than each other? >> not at all. enzi is one of the more conservative members of the senate anyway, and so this was actually cannibalism, i think, on the conservative side of politics. so, no, the poll numbers weren't what she wanted, it was early, there's strategy and it didn't look good. plus she put politics before family, which also didn't make her look like the best candidate. >> just one more quickie on this. are you interested that governor scott walker is talking about this kind of thing, strategizing? sounds very presidential campaign-like to me. >> yeah, that's exactly what it sounds like. more politics, presidential politics. but he's the type of person who will spend a lot of money and say, hey, why don't you guys support me. i think he's one of of the people that are considered a possible issue when it comes to

where are we at politically? he wants everybody to go after the democrats, but what's he doing? of course he doesn't want an opponent. he's trying to be the uniter but i think it's really a facade. >> look when he did in wisconsin, he whipped the unions. >> jake, i want to go to you. a lot of stories today about hillary clinton. very interesting, hillary clinton in the paper. former general wes clark is starting a political action committee for hillary clinton. what do you make of the hillary clinton phenomenon? is she really the front-runner or was her moment in the sun peaking in 2008 when one barack obama whooped her? >> it's very, very hard to know. i don't know any more than anybody else knows but i will tell you this. you mentioned liz cheney at the top. there's a deeper part of that story, which is worth mentioning. her social policies don't resonate with young voters at all.

>> such as? >> such as her stance on gay rights, which was at odds with her own family. when i look at 2014, the big story isn't 2012 social policy issue, we're just totally at odds where people shook out with those policies. if will be crucial to see where the gop shakes out on social issues and gay rights and -- >> karen, they're going to be pro-life. democrats is the party of pro abortion. on the other hand, i think jake makes some interesting points and i want too get your take in it, especially on the ladies' side. how does the gop reach out? they're going to have better vote with the women, better vote with the young people, the millennials and better votes with the hispanics. 20 seconds, how do they do it? >> they did a growth and

opportunity report and they've started a new program called the rising stars program, where they've identified young people and trying to give them a big are platform and get them to speak to different demographics. that's a positive step. >> follow the script. that's good. thank you, i appreciate it, it's our under-30 panel this evening. i'm over 30. i'm larry kudlow, but i will be back tomorrow night, everybody. . but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic.

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>> narrator: in this episode of "american greed"... stefan wilson says his investment fund is a surefire winner. >> you either work for your money, or your money works for you. >> narrator: investors even mortgage their homes to join his fund. >> he would encourage them to, as he said, unlock the dead equity in their homes. >> narrator: but investing with wilson comes at a very high price. >> it absolutely killed my grandmother. she was crying about this when her heart burst and she died. >> narrator: but first, larry salander is one of the biggest names in new york's art world. >> he was a big deal. people would look at him and say, "that's a really successful dealer." >> narrator: but collectors see red when he swipes more than $100 million from their pockets.